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Budget System (Funding / Voting / DGBB)

Discussion in 'Pre + Budget Proposal Discussions' started by tungfa, May 2, 2016.

  1. tungfa

    tungfa Administrator
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  2. demo

    demo Well-known Member

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    This should not be a sticky thread anymore, unless you update the info in the url links you point to.
     
    #2 demo, Feb 25, 2017
    Last edited: Dec 14, 2017
    demo
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  3. slava_m

    slava_m Member

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    Can I UP the proposal, or it's prohibited?
     
  4. UdjinM6

    UdjinM6 Official Dash Dev
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    If you mean bumping you proposal thread with "up" or "bump" it's not prohibited but it's not recommended either. Spend some time and write at least something slightly longer and meaningful like "I'm still waiting for some feedback", "Please share your opinions" or "Please vote!" etc, you get the idea - show some respect to other forum members. Also please don't bump too often, once a day should be more than enough. If there are no replies - probably no one is interested. Also note, that there is a "New Posts" button which many people use to get latest updates when they come back, so them reading 10s of your "bumps" not only won't help you, but quite the opposite imo - you'll look like a spammer and people do not like spammers, you know ;)
     
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  5. slava_m

    slava_m Member

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    That's what I'm trying to avoid:)
    Thank You!
     
  6. CaptainPicard

    CaptainPicard New Member

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    I read somewhere in the forum that unused Treasury funds are "burnt", however, in the documentation it says "If there is money left over in the budget, the system will also support proposals for moving money into a “savings” account managed by a group of people. This will allow us to plan for the future and budget for larger things or to stop the system from outright wasting money." Can anyone clarify? Does a formal proposal have to be submitted and approved in order to move unused funds into a "savings" account or are they indeed "burnt"?
     
  7. tungfa

    tungfa Administrator
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    the coins are actually never created !
    (so not burned as not 'alive' as never created)
     
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  8. exe

    exe New Member

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    call me a noob, but how come i cant find even one detailed explanation of what happens to "Unallocated funds" ?

    I cant even find a real discussion about it, not from developers nor from community, am i missing something or is this just super fishy ?
    Near 525,000$ are not allocated & i don't see even a single plan for them.

    Next budget payments will occur in 8 days.
    Total Current Allocated Budget: 1,178.00 DASH ($107,669.20).
    Total Available Budget: 6,917.67 DASH ($632,274.82).

    I would really appreciate any clarification.
     
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  9. tungfa

    tungfa Administrator
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    "Unallocated funds" will not be created = hence = Burned
     
  10. exe

    exe New Member

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    So basically, we won't use 500 grand available resources to further develop DASH just because we are so incompetence that we don't have any plans for them ?! (this "we" obviously means community & dev team both)
    Normally a project [of any sort] primarily needs funding to develop, now that we have this much funding & excitement driven from it, we don't have any sort of a system [or team] to manage it ?

    Please don't misunderstand me, I'm not trying to bash anyone or anything here, just wanna make sure I'm understanding the situation correctly & that I'm not missing anything big from the picture as i couldn't find anything about this anywhere else in forum.
     
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  11. tungfa

    tungfa Administrator
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    relax
    deflates the currency and is good for everybody in the long run (as less coins created - value rises)
    +
    "we are so incompetence"
    better burn - than use for nonsense
    and remember we went up in price like crazy the last month so this obviously needs a bit of time to adjust in proposals and such
     
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  12. Instacoins

    Instacoins Member

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    Well it would be longterm better to burn some of it. High coin prices are poison for growth. Just think about it. The transaction costs are fixed in dash. We dont want to have high transaction costs in $ like BTC. This will demage dash businesses and therefor demage the coin.
    I am very new to dash but you will hear a lot more in the future. I am currently Working and an API of recieving and sending dash via instantSend and while the devs are actually responsive when it comes to question there is a lack of good documentation for devs like me. This is a potential field to Invest in. Good clear and straightforward Ressources. To get an edge over other coins. On Top it might inflate the coins value which is clearly a healthy Thing (even though some large dash investors might dislike it).
     
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  13. tungfa

    tungfa Administrator
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    we are
    any unspent budget - coins are burned every month
     
  14. Instacoins

    Instacoins Member

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    Burnt on what? I thought they are Never created.
     
  15. CaptAhab

    CaptAhab Member

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    Can I clarify how much rebate there is on a proposal, I thought i recently read on https://www.dashtreasury.org/article-proposaloffer.html that between 1 and 4.99 Dash would be awarded to proposals dependent on quality and effort. But now the amount appears as 0.10. Can anyone help please.
     
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  16. jimbursch

    jimbursch Active Member

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    dashtreasury.org is not directly associated with dash.org or the Core Team. They are an independent, separate project. You need to go to dashtreasury.org to get answers about their program.

    Some concerns have been raised about how their proposal program operates, so I recommend doing some research. They are also new, being in existence for less than 2 months.
     
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  17. abob54

    abob54 New Member

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    As Jim Bursch pointed out, DashTreasury.org is independent from Core, but relies and integrates onto the same Dash blockchain. Automatic fee subsidy is currently set to 0.1 Dash. (We have given subsidies up to 4.5 Dash, but higher subsidies are manual and at our discretion.)

    If you haven't already, you can post a pre-proposal for free, to first gauge interest: https://www.dashtreasury.org/submit-proposal.html

    Pre-proposals can be upgraded to an official proposal in a very simple process, afterwards, if there appears to be support for your pre-proposal.
     
  18. abob54

    abob54 New Member

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    @Blake (https://www.dashtreasury.org/p-2965.prop) and @Rod Ambrissi (https://www.dashtreasury.org/p-2968.prop) have both submitted successful proposals through DashTreasury.org this month, so if anyone has any questions about how the process works, I'm sure they'd be happy to answer any questions.

    There is no complex process and no interaction with the Debug console is necessary at all. It could be done from a cell phone. You just send the Dash proposal fee to another Dash address and that's it.
     
    #18 abob54, Jul 15, 2017
    Last edited: Jul 15, 2017
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  19. Rod Ambrissi

    Rod Ambrissi Member

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    The Process was extremely easy to submit the proposal via Dash Treasury, I am definitely using it again for future Proposals
     
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  20. LeagueDad

    LeagueDad New Member

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    I like this post but the information is definitely outdated
     
  21. amzar

    amzar New Member

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    Hi guys, i have a question here about the budget.

    Let say there's proposal for 3 months time :

    1) if the proposal already hit 10% of 'yes' vote before the dateline which will be funded, is it possible for fund to be revoked due to 'no' vote afterwards?

    2) if the proposal already approved for the first month, is it possible it can be disapprove for second month?

    Thank you for anyone who help. :)
     
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  22. DashNation

    DashNation New Member

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    Answer is yes and yes

    A proposal can be downvoted either right up to voting cut off date or before the next cycle to stop second payments or remaining in series.
     
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  23. amzar

    amzar New Member

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    Thank you for the answer.

    I think all of the proposal owner must do their best in updating all of the progress every now and then to show their commitment towards the funds been granted then.
     
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  24. Nuancer

    Nuancer Member

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    I agree with you 100%. Keeping proposal owners accountable and honest is exactly what @paragon 's Dash Watch system (pre-proposal here) hopes to accomplish. His system will have a place for proposal owners to give a quick monthly status update to the Dash community.
     
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  25. amzar

    amzar New Member

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    Done read and it such a great function to ensure the proposal on track.

    I just read somewhere about greencandle.io and its like the same function with this one.

    Can someone explain me the difference between those two ?
     
  26. adnan.siddiqui

    adnan.siddiqui New Member

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    Great! DGBB rocks this will bring DASH to the MOON :D
     
  27. jimbursch

    jimbursch Active Member

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    My understanding is that Dash Watch will be a platform for monitoring/managing proposals.

    Green Candle is an escrow service for proposals.
     
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  28. UltimateCrypto

    UltimateCrypto Active Member

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    Can someone explain more about the dash watch. Is it an initiative from the dash core team?
     
  29. GrandMasterDash

    GrandMasterDash Well-known Member
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  30. Ben Swann

    Ben Swann New Member

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    Awesome breakdown.
     
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